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Gold/Mining/Energy : Thundermin - THR tse -- Ignore unavailable to you. Want to Upgrade?

To: phoenix_investor who wrote (2)	3/13/2000 4:50:00 PM
From: phoenix_investor	Read Replies (1) \| Respond to of 4

MRDI selected to complete Bankable Feasibility Study. MARCH 13, 2000 THUNDERMIN AND QUEENSTON TO UNDERTAKE NEW RESOURCE CALCULATION AND BANKABLE FEASIBILITY STUDY AT DUCK POND TORONTO, ONTARIO--Thundermin Resources Inc. ("Thundermin") and 50% joint venture partner Queenston Mining Inc. ("Queenston") announce that they have retained MRDI Canada ("MRDI"), a division of AGRA Simons Limited, to undertake a new resource calculation and a bankable feasibility study on the high grade, Duck Pond volcanogenic copper-zinc-lead-silver-gold property which is located in west-central Newfoundland approximately 30 km southeast of Buchans. The new resource calculation will commence shortly and take approximately 8 weeks to complete. The feasibility study will commence in early June and be completed in the fourth quarter of 2000. The Duck Pond property, which is under option from Noranda Inc., hosts two base metal deposits, the Duck Pond and Boundary, that contain inferred resources of approximately 6,000,000 tonnes grading 3.4% Cu, 6.4% Zn, 1.1% Pb, 61.4 g/t Ag and 0.9 g/t Au. Since May 1999, Thundermin and Queenston have completed 9,306 metres of drilling in 25 holes on the Duck Pond deposit and 2,262 metres in 82 holes on the Boundary deposit. This drilling has confirmed the presence of a substantial resource of high-grade base metal mineralization in both deposits and has greatly enhanced the confidence level of the continuity and grade of the resources. The new drill results, along with the historical data from Noranda's exploration and development programs, will form the basis for the new resource calculation. The purpose of the bankable feasibility study is to determine the economic viability of establishing a mining operation at Duck Pond. The study, which will expand on the pre-feasibility study completed by Noranda in 1998, will determine the total capital and operating costs for the project and define such key factors as optimum production rates, best method of underground access for Duck Pond (ramp or shaft), open pit design for Boundary, preferred mining methods, back-fill systems and tailings disposal sites, best metallurgical flow-sheets for optimum recoveries and concentrate grades, preferred port site for shipping concentrates to market etc. In addition, metallurgical testwork and environmental baseline studies are currently being conducted and MRDI will incorporate the results of this work into the bankable feasibility study. MRDI and its parent, AGRA Simons, have experience in more than 50 projects involving massive sulphide deposits and have worked on numerous detailed feasibility studies for mining and mineral processing projects world-wide. The key members of the MRDI team that will undertake the Duck Pond feasibility study from offices in Toronto, Vancouver and St.John's have more than 20 years of professional experience in such studies.